{"id":407212,"date":"2026-01-14T19:24:13","date_gmt":"2026-01-14T19:24:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/407212\/"},"modified":"2026-01-14T19:24:13","modified_gmt":"2026-01-14T19:24:13","slug":"us-current-account-deficit-contracts-sharply-in-the-third-quarter","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/407212\/","title":{"rendered":"US current account deficit contracts sharply in the third quarter"},"content":{"rendered":"<p>The U.S. current account deficit narrowed sharply in \u200dthe third quarter \u200bas tariffs weighed on imports and primary income surged.<\/p>\n<p>The \u2060Commerce Department&#8217;s Bureau of Economic Analysis said on Wednesday the current account deficit, which measures the flow of goods, services and investments into \u200cand out \u200cof the country, contracted by $22.8 billion, or 9.2%, to $226.4 billion, the lowest level since \u200cthe third quarter of 2023.<\/p>\n<p>Economists polled by Reuters had forecast the current account deficit shrinking to $238.4 billion. The report was delayed by the 43-day shutdown of the government.<br \/>The deficit represented 2.9% of <a data-ga-onclick=\"Inarticle articleshow link click#News#href\" target=\"_blank\" href=\"https:\/\/m.economictimes.com\/definition\/gross-domestic-product\" rel=\"nofollow noopener\">gross domestic product<\/a>, the smallest since the first quarter of 2020 and down from 3.3% \u200cin the second \u200dquarter. It peaked at 6.3% in the \u200dthird quarter of 2006. President Donald Trump&#8217;s sweeping \u200ctariffs have led to an ebb in the flow of imports, helping to narrow the trade deficit.<\/p>\n<p>Imports of goods decreased $5.0 billion to $815.4 billion in the third quarter, pulled down by a decline in consumer goods. But nonmonetary gold imports increased. Imports of services increased $3.1 billion to $225.0 billion.<\/p>\n<p><img decoding=\"async\" alt=\"ET logo\" src=\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/01\/118783427.cms.png\" width=\"90%\"\/>Live Events<br \/>Goods exports \u200dfell $1.9 billion to $548.0 billion, weighed down by nonmonetary gold, though exports of capital and consumer goods increased. \u200dExports of \u2060services increased $11.7 \u2060billion to $314.2 billion.<br \/>The goods trade deficit narrowed to $267.4 billion from $270.4 billion in the prior quarter.Receipts of primary income increased $16.3 billion to $395.2 billion, led by a rise in direct investment income. Payments of primary income advanced $5.3 billion to $390.0 billion.<\/p>\n<p>Receipts of secondary income decreased $2.0 billion to $44.4 billion. Payments of secondary income declined $2.1 billion to $97.9 billion as general government transfers decreased. <\/p>\n","protected":false},"excerpt":{"rendered":"The U.S. current account deficit narrowed sharply in \u200dthe third quarter \u200bas tariffs weighed on imports and primary&hellip;\n","protected":false},"author":2,"featured_media":407213,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,195973,101,22389,195975,195974,195970,195972,195971],"class_list":["post-407212","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-commerce-department-bureau-of-economic-analysis","tag-economy","tag-gross-domestic-product","tag-primary-income-receipts","tag-tariffs-impact-on-trade","tag-us-current-account-deficit","tag-us-imports-and-exports","tag-us-trade-deficit"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/407212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=407212"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/407212\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/407213"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=407212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=407212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=407212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}